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  • Writer's pictureFarid Shojaie

The Apomorphy’s Mindset on Entrepreneurship

Entrepreneurship is a broad concept, which has been remarked in business and management literature for many years. A great deal of research have been conducted to investigate “Entrepreneurship” through different lenses such as behavioral, economical, historical, technological, and so on. This concept was initially defined as “Risk Taking” byRichard Contillon, an Irish-French economist and later contained notions that are more sophisticated.

Although Joseph Schumpeter as the father of this field believe that opportunity and opportunity exploitation are the essence of “Entrepreneurship” but nowadays a variety of concepts and notions are designated under the umbrella of “Entrepreneurship”, includingStartup, Business Creation, Innovation, Value Creation, Uncertainty etc. Supposing this vast implication, all the players of business context, apart from their roles (founder(s), funder(s), consultant(s), activist(s), operational level employees, mid-level managers or even top-level leaders) are able to be somehow an entrepreneur. It is just about their mindset, their ambitions and their impacts on their surroundings.

We believe that Entrepreneurship in the business context is the capability and process of creating, organizing and driving values whether through generating new ventures or by making some improvements and modifications in extant ventures. In the entrepreneurship world,people need to initiate, develop, and implement novel ideas individually or in collaboration with various teams and organizations. Therefore, many personal and inter-personal capabilities is required for proceeding with this process. An entrepreneur should be a risk taker, passionate,confident, decision maker and visionary person or team who leverage their innovation mindset, communication and leadership skills to create new values for their audience benefit and his or her own benefit.Succeeding in the above-mentioned process needs a close sustainable collaboration between different persons and organizations. It also require a dynamic flow of resources (in terms of human, financial, knowledge, equipment, relationships, and so on). All these indicate the existence of an ecosystem where each player is supposed to pick up their own role. Some of them are aimed to train and educate the other ones; some of them are regulating the whole process, some of them are busy collecting resources and the other ones are actively engaged with crafting something new. Like other ecosystems, there are also some facilitators and hindrances in this way namely institutions, procedures, laws and regulations.

A healthy entrepreneurship ecosystem could bring us different outcomes of value, such as commercialized innovations, numerous job opportunities, enhanced standards of living, community-centric changes, and sustainable economic growth. It reaches beyond discovery and does the commercialization of innovations. It gives employment opportunities to the people by setting up new business and even industries. When an entrepreneur introduces a better product or service, opponents need to improve or withdraw themselves from the industry.

Increasing competition causes everyone to improve their performance and become the best at their jobs. They don’t have an alternative rather than to be more productive and live a higher standard of living. Some business organizations demand highly skilled people. This makes a demand for schools, colleges, workshops, and training institutes that can provide skill training. The community reacts to the demand by setting up training institutes and everyone in the community benefits. The company employs the individuals it requires, and the community gets highly qualified and trained people. Finally, the ecosystem makes profit and pay taxes which are driving forces of the economic growth in involved countries.


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